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SMMDvsMSSMETF Comparison

ETF 1

SMMD

iShares Russell 2500 ETF

This fund is part of

US Multi-Factor

+1.1%

Full SMMD fund page

VS

ETF 2

MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

This fund is part of

US Multi-Factor

+1.1%

Full MSSM fund page

iShares Russell 2500 ETF (SMMD) and Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belong to the same industry segment: US Multi-Factor. SMMD's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, MSSM's top sector exposures are Finance, Technology and Healthcare. SMMD is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.89% for MSSM. SMMD is up 18.51% year-to-date (YTD) with +$1.58B in YTD flows. MSSM performs worse with 16.96% YTD performance, and -$79M in YTD flows. Run a side-by-side ETF comparison of SMMD and MSSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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SMMD vs MSSM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 11/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMMD MSSM	+1.13%+2.15%	-4.23%-3.76%	+18.51%+16.96%	+22.39%+20.48%	+72.16%n/a	+36.54%n/a
Flows	SMMD MSSM	+$102M-	+$693M+$6M	+$1.58B-$79M	+$1.91B-$64M	+$2.64B-	+$3.12B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMMD MSSM	+12.26%+12.35%	+17.02%+17.01%	+19.12%n/a	+20.89%n/a
Max drawdown	SMMD MSSM	-9.29%-9.43%	-9.48%-9.62%	-25.55%n/a	-28.20%n/a
Max drawdown duration	SMMD MSSM	80d80d	43d46d	283dn/a	980dn/a

Trading data

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	SMMD	MSSM
Last sale 11/5/2026 at 2:30 PM	$84.68	$56.81
Previous close 11/04/2026	$88.09	$59.05
Consolidated volume 11/04/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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MSSM

is actively managed and doesn’t replicate an index

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	SMMD	MSSM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 11/5/2026 at 2:30 PM

Live

Closed

	SMMD	MSSM
Last price	$84.68	$56.81
1D performance	-3.87%	-3.79%
AuM	$4.22 B	$712.46 M
E/R	0.23%	0.89%

Characteristics

	SMMD	MSSM
Management strategy	Passive	Active
Provider	iShares	Morgan Stanley
Benchmark	Russell 2500 Index	-
N° of holdings	508	1803
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	July 6, 2017	December 9, 2024
ESG	No	No

More SMMD data on Trackinsight

More MSSM data on Trackinsight

Exposure

Countries

SMMD

USA

95.01%

Other

4.99%

MSSM

USA

90.9%

Other

9.1%

Sectors

SMMD

Finance

23.99%

Healthcare

15.35%

Technology

14.38%

Industrials

13.79%

Non-Energy Materi.

8.02%

Other

24.48%

MSSM

Finance

20%

Technology

17.18%

Healthcare

16.01%

Industrials

13.61%

Other

33.2%

Diversification

SMMD

Total weight of top 15 holdings out of 15

45.3%

MSSM

Total weight of top 15 holdings out of 15

8.64%

Top 15 holdings

Data as of September 30, 2026

SMMD

US4642876555

41.06%

nVent Electric Plc

0.37%

ATI, Inc.

0.36%

F5, Inc.

0.36%

Guardant Health, Inc.

0.33%

Viatris, Inc.

0.29%

Tenet Healthcare Corp.

0.29%

US Foods Holding Corp.

0.29%

Royal Gold, Inc.

0.28%

Roku, Inc.

0.28%

SoFi Technologies, Inc.

0.28%

Packaging Corporation of America

0.28%

TD SYNNEX Corp.

0.28%

Reliance, Inc.

0.28%

Woodward, Inc.

0.28%

MSSM

Dynatrace, Inc.

0.90%

Ascendis Pharma A/S

0.72%

ViaSat, Inc.

0.69%

Veeco Instruments, Inc.

0.63%

KBR, Inc.

0.62%

Rambus, Inc.

0.54%

Haemonetics Corp.

0.53%

TechnipFMC plc

0.52%

Plexus Corp.

0.52%

Avient Corp.

0.50%

Brinker International, Inc.

0.50%

Moderna, Inc.

0.50%

ITT, Inc.

0.50%

Regal Rexnord Corp.

0.49%

Varonis Systems, Inc.

0.49%

Frequently asked questions about SMMD and MSSM

How have the SMMD and MSSM ETFs performed in 2026?

As of November 4, 2026, SMMD is up 18.51% year-to-date (YTD), while MSSM has returned 16.96%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: SMMD or MSSM?

Year-to-date, the SMMD ETF saw +$1.58B in flows, compared to -$79M for MSSM.

Which ETF is more volatile: SMMD or MSSM?

Over the past year, SMMD had a volatility of 17.02%, while MSSM experienced 17.01%.

Which ETF is bigger: SMMD or MSSM?

As of November 4, 2026, SMMD holds $4.22 B in assets under management (AUM), while MSSM manages $712.46 M.

What sectors do the SMMD and MSSM ETFs invest in?

SMMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, MSSM focuses on Finance, Technology and Healthcare.

What are the top holdings of the SMMD ETF and MSSM ETF?

SMMD top holdings include US4642876555, nVent Electric Plc and ATI, Inc.. MSSM holds in its top three: Dynatrace, Inc., Ascendis Pharma A/S and ViaSat, Inc..

SMMDvsMSSMETF Comparison

iShares Russell 2500 ETF

Morgan Stanley Pathway Small-Mid Cap Equity ETF

SMMD vs MSSM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SMMD and MSSM ETFs performed in 2026?

As of November 4, 2026, SMMD is up 18.51% year-to-date (YTD), while MSSM has returned 16.96%. That puts SMMD better performer ahead so far this year.

Which ETF is attracting more investor money: SMMD or MSSM?

Year-to-date, the SMMD ETF saw +$1.58B in flows, compared to -$79M for MSSM.

Which ETF is more volatile: SMMD or MSSM?

Over the past year, SMMD had a volatility of 17.02%, while MSSM experienced 17.01%.

Which ETF is bigger: SMMD or MSSM?

As of November 4, 2026, SMMD holds $4.22 B in assets under management (AUM), while MSSM manages $712.46 M.

What sectors do the SMMD and MSSM ETFs invest in?

SMMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, MSSM focuses on Finance, Technology and Healthcare.

What are the top holdings of the SMMD ETF and MSSM ETF?

SMMD top holdings include US4642876555, nVent Electric Plc and ATI, Inc.. MSSM holds in its top three: Dynatrace, Inc., Ascendis Pharma A/S and ViaSat, Inc..

Which ETF is more diversified: SMMD or MSSM?

SMMD holds 2485 securities with 45.3% of its assets in the top 15. MSSM has 1817 securities and a top 15 weight of 8.64%.

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